Fear & greed index drops below 80 for first time in months

[dragononcrypto]

While still registering extreme greed, this index shows that greed as dropped from the highs of 95 to 78 on January 13th as well as today.

Since mid November last year greed has been above 85, but now looks like may leave the greedy levels for the time being.

What do you think, will greed over crypto return soon or will there be a fearful period or return to the norm?

[missbtc]

For me, the data for determining the Fear and Greed Index means nothing.  It seems to me that these are fictitious numbers that can be used to manipulate the mood of traders. 

[Altcoin1998$]

Oh my God I don't nothing about  chart and graph. But 80 percentage dropping already greeding and fear index . I really don't understand what's going to understand??

[Ferki]

It all depends on bitcoin and COVID-19. If Bitcoin reaches 40k again, the greed scale rises again. If we soon have less dead and infected covid-19s again, that will also have a positive impact on the market ; more money, more investing=higher courses, fomo, higher greed.
The eyes are on Israel right now and investors are accumulating Bitcoin.

Personally I'm greedy and bullish, so I will say YES, very soon 

[disconnectme]

This is as a result of BTC price run from $10 k o $42k, the funding level is still high but with Whales moving their BTC to exchanges recently expect the price to correct and push out dump money for to the market, this correction is good and healthy for the space but most people will think otherwise

[bigcash2011]

I think this index will remain up all through 2021 as market is expected to grow big so usually this index stays at the top levels during all bulls or parabolic market seasons.

[Astra]

The greed of people is impossible to measure. Any numbers about this will be very conditional and relative. Moreover, people's greed cannot change in a short time. Now bitcoin has reached unprecedented price heights and many do not know what to do further: sell or expect further growth in its price. Perhaps that's why the greed measurement index fell.

[MrSpasybo]

I also rarely trust this indicator, but it has a little bit to do with the future price action. The crypto market has been growing well throughout 2020, greed will continually cultivate and quickly return to the highs. Although the price of BTC has fallen below $35K but the total market cap is still above $1T, we have a good reason to believe in the recovery of BTC price and greed.

[alltalk]

Where do you get the data, mate? I am curious about it, I think it is better to enclose it. 
Well, I guess people who work in crypto nowadays are educated enough. Even newcomers didn't come into the crypto space with zero knowledge about the crypto business. Also, we already have many online sources that people can learn from anywhere. So, people already know about the risks and how to deal with them.

[Bit]

Probably there are many more people who are aware of the risks in crypto so that they really can manage their emotions, including greedy and also FOMO, FUD, and of course the risks. However, it will also depend on everybody's emotion management. They may have different ways to think and ocnsider.

[Quart]

Is it data from a survey? I doubt the accuracy of the data since it is difficult to determine the greed or fear of an individual. We don't know how greed or fearful people in the current situation. But I bet many people are getting greedy because of expecting bigger profits in this current bullish trend.

[TomPluz]

This latest development on Fear & Greed Index can be reflecting the fact that this bull run is really dominated by institutional money and not by common people like you and me. In my view, measuring greed and fear can be more difficult when we are talking with financial institutions and that can be the reason why there is that significant drop. Anyway, like what someone is saying in this thread, the basis for this conclusion can just be garbage. Still, this can be a news that some people can be curious which can lead them to more cryptocurrency awareness. As far as I know, we are all generally greedy and without regulations and morals at hand everything can be catastrophic.

[Andruha1993]

I think these are just numbers and nothing else. Since the greed of people is difficult to measure in any way. These charts are conditional in my opinion.

[masterrex]

I'm not an expert reader about graphs, But based on the graph that you posted it was showing some significant increase in Greed during the last quarter of 2020 particularly in December I think the main reason was during that time Bitcoin was on the rise and nearing to break its all-time high record so people buying more than they need. I dont know if that was the case but one thing is for sure the greed was never gone at any given time.

[whyrqa]

And yet, despite all this talk, I believe that in 2020 Bitcoin will set new records and even today, investing in Bitcoin for a long period will be very productive. Based on this, I did not consider investing in cryptocurrency a high threshold of greed. In any case, if there were no interest in investments, then we would not have the results that we see in the cryptocurrency market for this period.